export

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Export

A good produced in one country and sold to a customer in another country. Exports bring money into the producing country; for that reason, many economists believe that a nation's proper balance of trade means more exports are sold than imports bought. Exports may be difficult to sell in some countries, as the importers may put up various protectionist measures such as import quotas and tariffs. Most governments seek to promote exports, while they have differing positions on imports. See also: Free trade, NAFTA.

export

A good or service that is produced in one country and then sold to and consumed in another country. Because many companies are heavily dependent on exports for sales, any factors such as government policies or exchange rates that affect exports can have significant impact on corporate profits. Compare import. See also balance of trade.

export

  1. a good which is produced in the home country and which is then physically transported to, and sold in, an overseas market earning foreign exchange for the home country (visible export).
  2. a service which is provided for foreigners either in the home country (for example visits by tourists) or overseas (for example banking, insurance) which likewise generates foreign exchange for the home country (invisible export).
  3. capital which is placed abroad in the form of portfolio investment, foreign direct investment in physical assets, and banking deposits (capital export). See FOREIGN INVESTMENT.

    Together these items comprise, along with IMPORTS, a country's BALANCE OF PAYMENTS. See INTERNATIONAL TRADE, EXPORTING, EXPORT CREDIT GUARANTEE DEPARTMENT, EXPORT RESTRAINT AGREEMENT, EXPORT SUBSIDY.

Exportclick for a larger image
Fig. 68 Export. (a) UK goods and services exports, 2003.

(b) Geographical distribution of UK goods/services exports, 2003. Source: UK Balance of Payments, ONS, 2004.

export

a good, service or capital asset that is sold to foreign countries. (i) A good that is produced in the home country and is then physically transported to, and sold in, an overseas market, earning foreign exchange for the home country, is called a visible export. (ii) A service that is provided for foreigners either in the home country (for example, visits by tourists) or overseas (for example, banking, insurance) which likewise generates foreign exchange for the home country is called an invisible export. (iii) Capital that is placed abroad in the form of portfolio investment, foreign direct investment in physical assets and banking deposits is called a capital export. Exports are important in two main respects:
  1. together with IMPORTS they make up a country's BALANCE OF PAYMENTS - a country must export in order to finance (‘pay for’ in foreign currency terms) its imports. The combined net payment figures (exports minus imports) for (i), (ii) and (iii) are shown in Fig. 13 (a), BALANCE OF PAYMENTS entry.
  2. they represent an ‘injection’ into the CIRCULAR FLOW OF NATIONAL INCOME, serving to raise real income and output. In 2003, exports accounted for 20% of gross final expenditure (GFE) on domestically produced output (GFE minus imports = GROSS NATIONAL PRODUCT). See Fig. 133 (b) , NATIONAL INCOME ACCOUNTS entry Fig. 68 gives details of the product composition and geographical distribution of UK (merchandise) goods exports in 2003. See Fig. 84 , for comparable import data (IMPORT entry). See INTERNATIONAL TRADE, EXPORT MULTIPLIER, C.I.F. ( COST- INSURANCE-FREIGHT), F.O.B. ( FREE-ONBOARD), CERTIFICATE OF ORIGIN, INSURANCE, FACTORING, FORFAITING, EXPORT SUBSIDY, EXPORT RESTRAINT AGREEMENT, FOREIGN INVESTMENT, EXCHANGE RATE, EXCHANGE RATE EXPOSURE, TERMS OF TRADE.
References in periodicals archive ?
Indian Foreign Exports. 2004-05 Table 3: Indian Exports of Mango Pulp Products to major Markets during 2004-2005 S.
The results show that a marginal increase in foreign presence is associated with an increase in the probability of exporting by domestic firms by 0.19, followed by foreign R&D (with a 0.11 marginal effect), foreign exports spillovers (0.07) and foreign employment (0.002).
The effects of tariff reductions on foreign exports show that all regions gain by expanding their export volumes.
However, Eucomed says this unfairly penalises foreign exports as it does not take into account that prices in Japan are relatively higher, reflecting the cost of doing business.Eucomed's complaint echoes earlier efforts by the industry in the US, which culminated in December with leading members of the US Senate signing a letter to Prime Minister Koizumi urging Japan to abandon foreign reference pricing.
Withdrawal of subsidies on exports by foreign exporters would increase the prices of their exports, which, would, in turn, encourage Pakistani exports to substitute for the high priced foreign exports. Higher demand for Pakistani exports would result into higher output, higher absoiption of resources and higher producer surpluses.
Their attention to the historical context of consumption serves as a useful reminder to scholars who measure consumer behavior based on income distribution, industrial growth rate, and foreign exports. The first essay by economist Neil de Marchi explores the reticence with which Adam Smith treated consumer culture despite his dictum, "consumption is the sole end of all production." He contrasts Smith's moral and personal skepticism about unnecessary acquisitions to his appreciation of durable goods and product "ingenuity." He concludes that Smith regarded consumption within an ethical, aesthetic, and economic framework.
"Non-Energy Balance" and "Total Merchandise" include foreign exports (i.e., re-exports) and nonmonetary gold and Department of Defense Grant-Aid shipments.
The irony, however, is that the very speed with which the United States has embraced postindustrialism is what has caused its trade deficits to burgeon so rapidly: Postindustrial businesses earn very little from foreign exports and therefore do little to contribute to our balance of payments with other countries.
And Danish boss Bo Johansen - who rates the former Aalborg star highly - knows foreign exports like Andersen and team-mate Brian Laudrup will be key men in the World Cup qualifier against Croatia on March 29.
In 1995, the Oregon electronics industry generated foreign exports of more than $4 billion, more than half of the state's total exports.
South African Government figures show that between 1993 and 1994, the volume of foreign exports of wines, fortified wines and spirits more than doubled from 24.5m litres to 50.6m litres.
Foreign exports directly and indirectly accounted for $6 billion in Arkansas business during 1994, according to the U.S.

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